XL Insurance, All Risks Form Underwriting Agreement for Open Lot Dealers Program

XL Insurance, the global insurance underwriting operations of XL Group and All Risks, Ltd., have formed a new joint underwriting agreement to offer a dealers open lot program, providing physical damage insurance coverage for dealerships nationwide.

All Risks’ Dealers Open Lot program provides coverage for franchised new car dealers, large used car dealers, motorcycle dealers, RV dealers and ATV dealers that have been in business for a minimum of three years. Available coverages through the program include: comprehensive and collision, false pretense, economic loss, spot delivery coverage, hired/non-owned, consignment vehicles and, in certain states, weather aggregate deductibles.